Is Shopify a good stock to hold? (2024)

Is Shopify a good stock to hold?

Shopify has 7.35% upside potential, based on the analysts' average price target. Is SHOP a Buy, Sell or Hold? Shopify has a conensus rating of Moderate Buy which is based on 12 buy ratings, 14 hold ratings and 3 sell ratings.

Is Shopify still a good stock to buy?

Key Points. Shopify stock turned in a great 2023 before losing some steam earlier this year. The company's growth is slowing, but it's delivering good results in terms of profits. The stock isn't cheap, but it's not so expensive that long-term shareholders can't profit.

What is Shopify's future?

Top-line results are stronger than they appear. Shopify reported Q4 2023 revenue growth of 24%, which is consistent with the last several quarters. In its Q1 2024 guidance, the company noted it expects revenue growth to be in the low-20% range.

Where will Shopify stock be in 5 years?

Shopify stock price stood at $69.67

According to the latest long-term forecast, Shopify price will hit $70 by the middle of 2024 and then $100 by the end of 2025. Shopify will rise to $110 within the year of 2026, $125 in 2027, $150 in 2028 and $200 in 2033.

Why has Shopify stock dropped so much?

The stock fell following the e-commerce company's fourth-quarter business update. Revenue grew 24% year over year in the quarter, but Wall Street investors didn't like the company's outlook for higher operating expenses, which implies lower margins than expected.

Will Shopify stock ever go up?

If SHOP stock is priced at 30 times forward earnings, it should trade at US$225 in April 2028, indicating an upside potential of 230% from current levels. Analysts remain bullish on Shopify stock and expect shares to surge by more than 20% in the next 12 months.

Is Shopify a long term stock?

Shopify has strength in a rapidly growing market. The company is a platform stock, meaning it has the potential to grow for decades to come. It is also set to directly benefit from AI, which should help sustain revenue growth.

Is Shopify a buy hold or sell?

Is Shopify stock a Buy, Sell or Hold? Shopify stock has received a consensus rating of hold. The average rating score is and is based on 34 buy ratings, 48 hold ratings, and 6 sell ratings.

Is Shopify stock a buy 2024?

Well, Bay Street was left unimpressed with the company's guidance for 2024. In Q1 of 2024, Shopify expects revenue growth to grow between 25% and 30%, which indicates a deceleration in top-line numbers. Moreover, Shopify reported a free cash flow of US$446 million in Q4, indicating a margin of 21%.

Is Shopify profitable 2024?

Is selling on Shopify still profitable? Most Shopify businesses see profitability within two years. At this point, successful online store owners can make up to $155,000 annually selling products on Shopify.

Does Shopify have a bright future?

In conclusion, the future of ecommerce looks bright, and Shopify is at the forefront of this revolution. Whether you're a budding entrepreneur or an established business owner, leveraging Shopify's powerful tools and features can propel your online store into the future.

Is Shopify stock profitable?

Shopify's profit broke back into positive territory last quarter and cash flow improved to 13% of sales from 3% of sales in 2022. The stock's path from here will probably depend on whether Shopify can maintain that positive financial momentum.

What will Shopify be worth in 2025?

Is Shopify stock in trouble?

It operates an excellent business with tons of opportunity, and once it straightens out its costs, it looks like it could be unstoppable. However, despite excellent fourth-quarter results full of the progress investors were looking for, Shopify stock has been a mediocre performer so far in 2024.

How high will Shopify stock go?

SHOP Stock 12 Month Forecast

Based on 28 Wall Street analysts offering 12 month price targets for Shopify in the last 3 months. The average price target is C$112.97 with a high forecast of C$137.67 and a low forecast of C$86.73. The average price target represents a 15.25% change from the last price of C$98.02.

Can Shopify stock recover?

Given Shopify reported earnings of US$0.73 per share in 2023, it should end 2028 with earnings per share of US$7.5 per share. If SHOP stock is priced at 30 times forward earnings, it should trade at US$225 in April 2028, indicating an upside potential of 230% from current levels.

Will Shopify make a comeback?

While sales growth has decelerated in recent quarters, the company increased its top line by 25% year over year in the third quarter (Q3) of 2023. E-commerce sales are forecast to increase by almost 10% annually through 2028, which should allow Shopify to increase its sales further in the upcoming decade.

What will Shopify be worth in 2030?

After all, e-commerce is still far from ubiquitous, and Shopify is executing on a strong growth strategy. Here's why this business could be worth $1 trillion by 2030.

What is Shopify prediction for 2024?

At the current price, Shopify stock trades at a price-to-sales ratio of 15, which is a high valuation. If it can keep up sales growth, that might be justified. The average Wall Street consensus is for sales to increase 20% in 2023 and 18% in 2024.

What is the fair value of Shopify stock?

As of 2024-04-20, the Fair Value of Shopify Inc (SHOP) is 2.59 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 69.67 USD, the upside of Shopify Inc is -96.3%.

Does Shopify give dividends?

Does Shopify pay dividends? No, we have never declared or paid any dividends and we do not anticipate paying any cash dividends in the foreseeable future. We currently intend to retain future earnings, if any, to finance operations and expand our business.

What is the 12 month forecast for Shopify stock?

55 analysts offering 12-month price forecasts for Shopify Inc. (SHOP) have a share price target of $82.55. This median of share price forecast represents a 20.39% upside from the latest price of $68.57 as on 16.04.

What will Tesla stock be worth in 2030?

He forecasts Tesla stock to gain about 550% to hit $1,200 a share by 2030, and for SpaceX to triple in valuation over the same period, according to a recent interview conducted by Bloomberg. Baron runs the Baron Focused Growth Fund, which counted Tesla and SpaceX as its largest holdings as of December 31, 2023.

Who is Shopify's competition?

Who owns the most Shopify stock?

Shopify Stock Ownership FAQ

Who owns Shopify? Shopify (NYSE: SHOP) is owned by 62.97% institutional shareholders, 0.00% Shopify insiders, and 37.03% retail investors. Baillie Gifford Co is the largest individual Shopify shareholder, owning 64.16M shares representing 4.99% of the company.